Sharing and celebrating the knowledge, innovation and creativity that is shaping the business world.

Jazz Shapers

Jazz Shapers is presented by Mishcon de Reya's Director of Business Development and former LBC presenter Elliot Moss. During each show, Elliot will be interviewing shapers of the business world, people who, like the musicians in the show, have defied convention and gone on to achieve great success.

Lawfully Chic

A blog for art-lovers and adventurers, fashionistas and culture vultures, who believe in fair play, fair trade and fair travel.

Mayfair Private

Mishcon de Reya has created Mayfair Private to provide private advisory services for a select group of families by bringing together a broad range of highly qualified professionals to seamlessly manage their affairs.

MDR Brand Management

Building commercial value for brand owners.

MDR Lab

A programme open to early stage and growth technology start-ups, whose products or services are applicable to the legal industry.

Mishcon Academy

The Academy is Mishcon de Reya's in-house place of learning, our driver for growth and a platform for thought leadership. Here we will bring together urgent societal issues and industry experts to deliver innovative thought leadership on issues that matter to us and to our clients.

Mishcon Graduates

The future has never been more unpredictable, demanding or challenging. Never before has there been so much information to absorb, so many social and business networks to navigate, and so many economic, political and social issues to confront. And the role of law has never been more pivotal in all of this.

Mishcon International: Africa

We are proud to launch Mishcon International: Africa - a dedicated microsite featuring curated content most relevant to the audience in the region. This content will be regularly refreshed, taking into account global developments and their impact across Africa.

Mishcon International: Asia

At Mishcon de Reya, we are proud to serve an international community of clients. Based in London, our work is often cross-border and complex. We act as personal advisors, dealing with carefully selected overseas professionals on behalf of our clients. We are experts in preserving, growing and transferring wealth, and our clients in Asia span both the world of corporate and private wealth giving us a unique perspective on the market.

Mishcon International: Eurasia

Mishcon International: Eurasia - a dedicated microsite featuring curated content most relevant to the audience in the region.

Mishcon International: Europe

We are proud to launch Mishcon International: Europe - a dedicated microsite featuring curated content most relevant to the audience in the region.

Mishcon International: Middle East

Mishcon de Reya has now launched Mishcon International: Middle East - a dedicated microsite featuring curated content most relevant to the audience in the region. This content will be regularly refreshed, taking into account global developments and their impact on the Middle East.

Mishcon New York

Mishcon de Reya New York LLP opened in 2010 with a small group of lawyers having two things in common: a proven track record in New York City and a desire to create a new kind of law firm in the city.

Property Shapers

Insights from industry leaders | real estate blog

The Leap Hub

The Leap is an initiative to identify 100 of the most exciting, fast-growing companies in the UK. Keep up to date with events and news about The Leap.

Imagine paying people no strings attached cash, whether they have a job or not. In California, two experiments are being planned that some think could be the solution to a potentially jobless dystopian future.

Imagine paying people no strings attached cash, whether they have a job or not. In California, two experiments are being planned that some think could be the solution to a potentially jobless dystopian future.

Risk solutions firm, Kroll, has partnered with ethical business practices firm, Ethisphere, to produce the Anti-Bribery & Corruption Benchmarking Report 2018. The Report shows that organisations continue to be concerned about third party risks with the risk factor of opaque ownership structures increasingly becoming a priority for compliance teams. New forms of payment, such as open-banking and cryptocurrencies, are but one development increasing the already difficult task of determining ownership structures and confirming the source of funds. Despite the fact that 84% of the Report’s respondents collect ownership information about their suppliers and target companies, many are still not confident that they know who the ultimate owners or controlling bodies really are. It is clear that information collection alone is not enough. Analysis and context are also required to detect potential risks hidden behind opaque corporate structures.

The Report notes the convergence of regulatory, reputational and data security risks and recommends that organisations adopt a collaborative response, with information security offerings and compliance teams working together to ensure they are addressing the issues of how they collect, process, share and store information in relation to due diligence. Data privacy and data security concerns are particularly at the fore with recent high profile cyber security breaches illustrating the potentially catastrophic consequences of such a breach. The coming into force of the GDPR on 25 May 2018 will also mean that UK and other EU companies will need to ensure they are compliant with new rules and regulations.

Ernst & Young's GlobalFraudSurvey2018 also focuses on the effective delivery of compliance. The survey notes that whilst 78% of respondents state that there are clear penalties in place for breaching policies, only 57% of respondents were aware that people have been penalised for breaching policies. Whilst policies may exist in organisations, it appears that employees are not sufficiently aware of them and management initiatives are not properly reflected in firm behaviour and culture.

Jo Henley, a Trainee Solicitor in the Fraud Defence Team at Mishcon de Reya says:

The Report shows the rapidly changing landscape of ABC, as concerns increase in relation to opaque corporate structures, third parties and new regulations. It is concerning that whilst 86% of organisations in the Report collected ownership information when conducting due diligence on their own third parties, only 34% collected the same when reviewing the third parties of their targets. Organisations should consider undertaking a greater level investigation into a target's third parties and incorporating warranties, representations and indemnities from targets about their third parties in purchase documents.

It is also clear that not enough due diligence steps are being taken and that initial due diligence alone is no longer sufficient to meet the risks posed in this era of hyper-connectivity. This is especially true in light of the staggering 45% of the Report’s respondents who stated that the ABC issue they had encountered had occurred because the risk did not exist at the time of onboarding. Ongoing monitoring is critical and must constantly be updated.

Though companies largely understand that ongoing monitoring beyond initial due diligence is important, there is less consensus and less regulatory guidance about the right way to go about it. Whilst there is clearly no single prescriptive method that is applicable to all organisations, one area in which many organisations fall down is the disjunct between the compliance initiatives decided at a management level, and the practical effects of these on the ground. Unless employees are properly informed and trained to deal with compliance risks, and feel individually responsible for acting with integrity, firm policies will be ineffective. Codes of conduct should be backed up with clearly defined principles and standards of behaviour, facilities for anonymous employee reporting should be put in place and followed up with thorough investigation, and regular internal and external audits should be supplemented with surprise audits to increase the likelihood of detecting fraud.

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